The cost of an article was Rs.4500 and Rs.500 was spent on its repairs. If it is sold for a profit of 10%, then the selling price of an article is

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The cost of an article was Rs.4500 and Rs.500 was spent on its repairs. If it is sold for a profit of 10%, then the selling price of an article is

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Rs.4000

Rs.5500

Rs.4500

Rs.5000

answer is B.

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Detailed Solution

$C . P = 4500 a n d r e p = R s . 500$

$∴ C . P = R s . 5000$

$S . P = P r o f i t + C . P$

$= \frac{10}{5000} \times \frac{10}{100} \times 5000 = R s . 500$

$= 500 + 5000 = R s . 5500$

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